Sandys, If VPE can acheive $30m net cash flow in 2011 we will see what happens to VPE then. Plus of course they will still have their CSG. And as I mentioned earlier the guys at the helm certainly have the experience and wisdom to take VPE a very long way. Take the emotion out of it. VPE is a very good story. ( very much like NZO use to be...people use to hate it and then it became a market darling.)
After the gloom comes the boom.
ps re your comment about the water cut. Most, if not all the experts I know, consider that reducing flow will extend the life of the field and deliver more oil.( When you were talking to that engineer up the mountain were you getting enough oxygen?)
What made you guys vote Rudd in? He has dealt Australia a very damaging blow with his Super Tax. Have a read of the BHP letter to shareholders and then tune into Andrew Forrest.
At least we have John Key.
VPE Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held